The Hindu Business Line : Sunday, August 05, 2007

STEEL
Prakash Ind Q1 net up 80%
New Delhi, Aug. 4 Prakash Industries Ltd’s net profit for the first quarter ended June 30, 2007 increased 80 per cent to Rs 50.12 crore against Rs 27.87 crore in the corresponding previous quarter last year. A statement from the ... More

70% rise in Durgapur Steel net
Durgapur Steel Plant (DSP) has reported a 70 per cent jump in net profit to Rs 220 crore during the first quarter of the current fiscal. Turnover during April-June 2007 stood at Rs 1,009 crore, up by 29 per cent. According to a communication ... More

GENERAL INSURANCE
New India Assurance net up 104%
New India Assurance has posted a 103.79 per cent growth in net profit at Rs 1,459.95 crore for the year ended March 31, 2007 compared withRs 716.38 crore in the previous year due to reduction in underwriting and increase in investment income. ... More

FINANCIAL INSTITUTIONS
26% stake: IFCI may induct investors by Jan
New Delhi, Aug. 4 IFCI Ltd expects to complete the process of induction of a strategic investor with a 26 per cent stake in the company by end-January next year, its Chief Executive Officer and Managing Director, Mr Atul Kumar Rai, has ... More

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Looking back
Jul. 29-Aug. 4
United India Insurance posts 24% growth in net

Hindalco Q1 net profit unchanged at Rs 602.9 cr